Under the terms of the deal, Power Machines will supply the equipment from 2013 through 2021, and provide the whole range of services associated with installation and launch of the new equipment.

RusHydro has been carrying out a program of technical modernization and upgrade work at Volzhskaya since 2005, aiming to fully replace the obsolete and worn-out generating and auxiliary equipment. Currently, eight out of 22 hydro-turbines designated for refit have been replaced. The modernization will increase the reliability of operations of the power plant, and provide additional capacity.

Volzhskaya hydropower is one of the largest hydroelectric power plants in Europe with an installed capacity is 2595.5MW. The plant comprises 23 hydro-units, of which 15 are 115MW each, four are 120MW, three are 125.5MW and one is 11MW.